Crude Oil Oil prices fell on Friday, pulling back from two-month highs as concern over U.S.-China trade talks overshadowed expectations of an extension to OPEC+ production cuts. Brent crude futures eased 58 cents to settle at $63.39 a barrel.. WTI fell 81 cents to settle at $57.77 a barrel, dropping from its session high of $58.74. After paring their gains, both benchmarks ended the week little changed. Uncertainty over whether the United States and China…
Read MoreCrude Oil Oil prices rose more than 2% on Thursday to the highest in nearly two months following a Reuters report that OPEC and its allies are likely to extend output cuts until mid-2020. Brent crude futures settled at $63.97 a barrel, up $ 1.57 cents. WTI crude also rose $ 1.57 to settle at $58.58 a barrel. WTI touched a session high of $58.67 a barrel, the highest since Sept. 23 and Brent climbed…
Read MoreCrude Oil Oil prices surged more than 2% on Wednesday after a better-than-expected U.S. crude inventories report. Brent crude futures settled at $62.40 a barrel, up $ 1.49 cents. WTI crude rose $ 1.90 to settle at $57.11 a barrel. Oil prices were also supported by comments from Russian President Vladimir Putin that Russia will continue cooperation under a global supply-curbs deal with the Organization of the Petroleum Exporting Countries (OPEC). Escalating Iran-related tensions also…
Read MoreCrude Oil Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the US-China trade dispute that has clouded the outlook for oil demand. Brent crude futures settled at $60.91 a barrel, down $ 1.55 cents. WTI crude fell $ 1.84 to settle at $55.21 a barrel. The US would raise tariffs on Chinese imports if no deal is reached with Beijing to end…
Read MoreCrude Oil Oil prices fell more than 1% on Monday, erasing much of last week’s gains and tumbling alongside U.S. stocks on uncertainty over a trade deal between the United States and China. Brent crude futures settled at $62.44 a barrel, down 86 cents. WTI crude fell 67 cents to settle at $57.05 a barrel. Wall Street’s three main stock indexes also fell from last week’s record highs following a report that stoked concerns a…
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